Former BitMEX CEO Arthur Hayes argued that Bitcoin (BTC) could continue its rise, based on data on dollar liquidity.
Arthur Hayes, who often stands out with his statements about cryptocurrencies, 25 November dated one in the postshared that the USA continues to print dollars. US reverse repo (RRP) And treasury general account (TGA) Analyzing the data, Hayes pointed out that dollar printing has accelerated again and there is a significant increase in liquidity in the market.
The experienced name who made an inference in line with these data, first of all Bitcoin He argued that the cryptocurrency market will continue its upward movements by pricing this increase in liquidity. With the graph he shared, liquidity increased suddenly. From 500 band to 619 band He supported his thesis by showing that it was true.
In the post in question, Hayes is the US Treasury Secretary. To Janet Yellen referring to “bad girl Yellan continues to print money” said:
I lean back in my seat and observe how busy Bad Gurl Yellen is pumping up financial assets. Don’t be distracted, the liquidity of the dollar is increasing and Bitcoin will rise accordingly. This is a table of net RRP and NPL balance changes.
According to CoinGecko data, in the last 24 hours 1.6% decrease living Bitcoin, at the time of writing from $36,960 is being traded.
